Market Overview for Convex Finance/Tether (CVXUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Friday, Dec 19, 2025 5:44 pm ET1min read
CVX
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Aime RobotAime Summary

- CVXUSDT rebounded decisively from key 1.608 support, forming a bullish engulfing pattern near 1.615.

- RSI entered overbought territory while volatility expanded post-03:00 ET as price surged above 1.700.

- Morning ET rebound saw 222,280.59 volume spike, but subsequent turnover decline signaled potential bullish exhaustion.

- Key 1.683 Fibonacci and 20-period MA convergence suggest 1.683-1.691 range could dictate next 24-hour consolidation.

Summary
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CVXUSDT
tested key support at 1.608 before rebounding decisively.
• A bullish engulfing pattern formed near 1.615, indicating possible reversal.
• RSI entered overbought territory, suggesting potential near-term pullback.
• Volatility expanded in late ET trading as price pushed above 1.700.
• Volume surged during the morning ET rebound, confirming strength in the rally.

Convex Finance/Tether (CVXUSDT) opened at 1.707 on 2025-12-18 at 12:00 ET, reached a high of 1.728, a low of 1.595, and closed at 1.693 on 2025-12-19 at 12:00 ET. Total volume was 222,280.59 and turnover amounted to ~383,900 USDT over the 24-hour period.

Structure & Formations


Price action showed a strong rebound off the 1.608 support level during the early ET session, with a bullish engulfing pattern forming around 1.615. A 5-minute bearish doji emerged near 1.701 as resistance may be forming, with a potential 61.8% Fibonacci retracement level aligning at 1.683 for the recent upswing.

Moving Averages and Momentum


The 5-minute 20-period MA provided dynamic support during the rebound from 1.608, while the 50-period MA acted as a resistance. MACD crossed above the signal line during the morning ET rally, confirming momentum. RSI briefly entered overbought territory above 70, suggesting a potential near-term pullback or consolidation phase.

Volatility and Bollinger Bands


Bollinger Bands expanded as volatility increased after 03:00 ET, with price touching the upper band during the 1.701 peak. The subsequent sell-off saw a retracement toward the mid-band and below, indicating a possible return to range-bound trading unless further buying pressure emerges.

Volume and Turnover


Volume spiked dramatically during the 15-minute window ending at 15:30 ET, aligning with the 1.728 high. However, turnover declined afterward despite the price moving higher, indicating possible exhaustion in the bullish move.
The morning ET rebound showed strong volume confirmation, suggesting conviction in the reversal.

Looking ahead, the next 24 hours may see consolidation or a test of the 1.683–1.691 range as key Fibonacci and moving average levels converge. Investors should remain cautious of potential overbought conditions and divergence in volume.